PRINCIPLES OF INSURANCE AND LOSS ASSESSMENT | UNIT – 1 | INTRODUCTION TO INSURANCE | IBBI Syllabus

📘 Introduction to Insurance | Unit 1 Explained in Simple Language
In this video, we cover the complete basics of Insurance, including its meaning, purpose, need, how it works, and its role in economic development.
Perfect for students, valuers, IBBI Registered Valuer aspirants, commerce learners, and anyone preparing for valuation exams.

🔍 What You Will Learn in This Video

✔ What is Insurance?
✔ Purpose & Need of Insurance
✔ Meaning of Risk & Peril
✔ How Insurance Works (Village Example Explained)
✔ Premium, Claim & Sum Insured
✔ Role of Insurance Companies
✔ Risk Pooling & Underwriting
✔ Importance of Insurance in Economy
✔ Why banks require insurance
✔ Contribution of insurance to national development

🎯 Who Should Watch This Video?

This video is ideal for:

IBBI Registered Valuer exam aspirants

Land & Building valuers

Students of commerce & finance

Insurance beginners

CA, CMA, MBA students

Anyone who wants clear basics of insurance

📚 Helpful for Exam Preparation

This chapter is useful for:
🔸 IBBI Valuation Exam (Land & Building, Securities, Plant & Machinery)
🔸 B.Com, M.Com, MBA
🔸 Insurance training & IRDA preparation
🔸 Competitive exams requiring insurance basics

📝 Downloadables & Resources

➡️ PPT (Slides): Ask in comments
➡️ MCQs for practice: Ask in comments
➡️ PDF Notes: Ask in comments

💬 Have Questions?

Comment below — I reply to every genuine doubt!

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